Markets

It has only been about ten weeks since Tesla – the electric car company developed by South African entrepreneur Elon Musk – first purchased more than $1.5 billion in BTC units, and already the purchase appears to be making a serious dent in the country’s finances. Thus far, the company has managed to rake in more than $1 billion in profit thanks to its newfound love of the world’s number one digital currency by market cap. Tesla Is Raking in the Dough Last February, the...

It looks like Turkey is not as comfortable with bitcoin as other nations. The region has decided to put a stop to all bitcoin payments citing concerns about competition to its national currency, and now the world’s number one digital currency by market cap has taken a bit of a stumble. Turkey Won’t Allow BTC Payments In recent days, bitcoin hit a new all-time high of more than $63,000 per unit following news that Coinbase was debuting on the Nasdaq. The asset ultimately...

Coinbase has gone public, and it looks like Wall Street and some of America’s largest and most prestigious banks are feeling the heat. The popular cryptocurrency exchange began trading its new stock last Wednesday on the Nasdaq, letting the financial world know that it was here to stay, and that cryptocurrency is going to continue to attract the attention of investors. Banks Are Really Feeling Pressure as of Late For the most part, cryptocurrencies and banks have not...

The Taurus Securities Platform seeks to serve its potential clients with a diversity of offerings.The Geneva-based tech firm Taurus has obtained the securities license from the Swiss Financial Market Supervisory Authority and is on track to unveil its digital asset trading platform next month. As reported by Coindesk, the company is set to launch its Taurus Digital Exchange (TDX) on May 10 and will seek to provide investors and banks with the ability to trade a number of assets including...

[Featured Content] With the current bitcoin bull run and greater institutional support, more people than ever are entering the industry, and more products are being introduced to accommodate this growing demand. One of the latest of these comes from Digitex, a commission-free exchange. The firm has announced on April 15, 2021, that its new spot market has formally launched. In a bid to make the trading experience easier for new members and benefit existing ones, their new...

Last year, Coca-Cola (KO) stock was affected by the coronavirus onset that significantly disrupted the supply chain. Now Coca-Cola Beverages Africa is preparing to go for an IPO.Coca-Cola Co (NYSE: KO) stock jumped approximately 1.17% during Monday’s pre-market to trade around $54.31. The spike was directly attributed to the just-released fiscal first-quarter earnings results that beat analysts’ expectations. Notably, Coca-Cola recorded a revenue of $9.02 billion versus $8.6 billion...

Bitcoin Trading Foto CC0 Gemeinfrei via Unsplash Es ist super bequem unde jeder hat ein Smartphone heutzutag; Bitcoin kaufen und verkaufen geht einfacher denn je. Der Handel mit Kryptowährungen wird immer beliebter. Und jetzt kommt’s: Bitcoin-Trading-Apps haben jetzt sogar Facebook und Twitter in den Appstores verdrängt. Das Bitcoin-Comeback Vor einem Jahr sah es so aus, als wäre die Erfolgsgeschichte der Kryptowährungen bereits vorbei....

While the overall cryptocurrency market lost $300 billion dropping below the $2 trillion valuation, Bitcoin and the altcoin market each contributed a fall of $150 billion. On Sunday, April, the overall cryptocurrency market tanked in a recent correction majorly led by Bitcoin (BTC) and other cryptocurrencies. Nearly $300 billion were wiped out from the crypto market as the overall crypto market cap slipped below $2 trillion.On Sunday, Bitcoin (BTC) dropped to a sudden low of $52,000 after...

Ripple price surged towards the $2.0 level before correcting lower against the US dollar. The price is now trading below the $1.65 support and the 55 simple moving average (4-hours). There is a major declining channel forming with resistance near $1.620 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend its losses below $1.350 as long as it is below the $1.650 zone. Ripple price is struggling to hold gains above $1.350 resistance...

The price of bitcoin just keeps on booming, and according to billionaire investor and former hedge fund manager Mike Novogratz, this is just the tip of the iceberg, as he believes the asset is going to spike much higher in the coming years. Mike Novogratz: Bitcoin Will Probably Keep Surging In a recent interview, Novogratz claimed: Right now, total crypto wealth is roughly $2 trillion, so that’s one half of one percent of all the wealth. If you do not think in the next...